Musharaka Capital Company announces a fundamental development regarding the Musharaka REIT Fund
05 November 2019
Musharaka Capital Announces Reduction in Annual Management Fees for Musharaka REIT
Musharaka Capital, as the fund manager of Musharaka REIT, reaffirms its commitment to implementing the best practices to protect unitholders’ interests, strengthen the fund’s financial position, and support periodic distributions.
As part of the fund manager’s cost optimization efforts, Musharaka Capital is pleased to announce a reduction in the annual management fee from 1.2% to 0.95% of the total fund assets after deducting fees and expenses.
The fund manager expects this change to have a positive impact on the fund’s cash flows and reduce annual costs.
The new fee structure takes effect from January 1, 2024.